That was one of my Granny’s favorite teachings. Granny wasn’t a wealthy woman or one who fancied expensive things, but she had a great clarity about the world. Observing today’s institutional investment industry, it seems as though many participants never got Granny’s message. While this......
06 July, 2018This week I read an article about a company that offers personal loans to folks who are seriously down and out. One of their strategies involves mailing checks for $2,000 to these people’s homes and if the check is cashed it activates a loan agreement......
06 July, 2018The heavily anticipated correction finally arrived and somehow it caught everyone by surprise. As is the case in any correction, the market seems fraught with panic and confusion. “How low will it go?” What is the cause? These are the questions being asked broadly, and......
13 February, 2018In the midst of the financial crisis in late 2008 I recall feeling like things in the world would never again be the same. I remember wondering if the money printing called Quantitative Easing by the Federal Reserve Bank would cause even the average working......
14 July, 2017Since I graduated college nearly 35 years ago the yield on the 10-Year U.S. Treasury bond has declined from near 16% to today’s 2%-2.5% trading range level. This tells an important story. The massive decline in yields on all financial instruments during this period, which......
30 March, 2017Views from Mosaic Real Estate Investors – Dec ‘16 As a fund manager I find myself speaking to investors nearly daily. This gives me a unique insight into the thought patterns of investors, what they value, what they fear, and their predilections. Not surprisingly, investors......
15 December, 2016